Saudi Arabia: Off-Highway Dumper Market 2024

Off-Highway Dumper Market Size in Saudi Arabia

The Saudi off-highway dumper market reduced slightly to $X.9B in 2022, waning by X% against the previous year. In general, consumption, however, posted significant growth. Over the period under review, the market reached the maximum level at $X.5B in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Off-Highway Dumper Production in Saudi Arabia

In value terms, off-highway dumper production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, posted significant growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Off-highway dumper production peaked at $X.2B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Off-Highway Dumper Exports

Exports from Saudi Arabia

In 2021, overseas shipments of dumpers for off-highway use increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, off-highway dumper exports surged to $X in 2021. In general, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Sudan (X units), the United Arab Emirates (X units) and Yemen (X units) were the main destinations of off-highway dumper exports from Saudi Arabia, together accounting for X% of total exports. Australia, Jordan, Turkey and Belgium lagged somewhat behind, together accounting for a further X%.

From 2015 to 2021, the biggest increases were recorded for Australia (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for off-highway dumper exported from Saudi Arabia were the United Arab Emirates ($X), Australia ($X) and Jordan ($X), with a combined X% share of total exports.

The United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average off-highway dumper export price stood at $X per unit in 2021, falling by X% against the previous year. Overall, the export price showed a deep slump. The pace of growth appeared the most rapid in 2018 when the average export price decreased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020, and then plummeted in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Sudan ($X per unit) was amongst the lowest.

From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Off-Highway Dumper Imports

Imports into Saudi Arabia

In 2022, after two years of decline, there was significant growth in purchases abroad of dumpers for off-highway use, when their volume increased by X% to X units. In general, imports, however, saw a mild setback. The growth pace was the most rapid in 2019 when imports increased by X%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, off-highway dumper imports amounted to $X in 2022. Overall, imports, however, showed a perceptible descent. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Japan (X units) constituted the largest supplier of off-highway dumper to Saudi Arabia, with a X% share of total imports. Moreover, off-highway dumper imports from Japan exceeded the figures recorded by the second-largest supplier, Sweden (X units), eightfold. The third position in this ranking was held by India (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and India (X% per year).

In value terms, the largest off-highway dumper suppliers to Saudi Arabia were Japan ($X), the UK ($X) and the United States ($X), together comprising X% of total imports.

In terms of the main suppliers, Japan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average off-highway dumper import price amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the import price showed a perceptible contraction. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2021, and then dropped rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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